2 Renewable Energy Stocks With 20% or More Upside Potential, According to Wall Street
The U.S. Energy Information Administration expects renewables to become the biggest source of primary energy worldwide by 2050. No wonder investors as well as analysts are upbeat about renewable energy, resulting in high valuations of several renewable energy stocks. In particular, Wall Street analysts estimate an average 37% upside for Renewable Energy Group (NASDAQ: REGI) and a 20% upside for Enphase Energy (NASDAQ: ENPH) stock.
But sectoral tailwinds alone aren't enough to make a stock a buy. Let's take a closer look at the two stocks to find if they are quality stocks to buy and hold for the long-term or not.
Renewable Energy Group is the largest producer of biofuels in North America. The company's 12 biorefineries -- 10 in the U.S. and two in Germany -- use corn, soybean, inedible animal fats, etc., as feedstocks.
Source Fool.com
